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CNBC
Feb 17, 2013 7:30pm EST
"on the money." will it be a marriage made in airline heaven? american airlines and us airways announcing a $11 billion deal this week to create the world's largest airline. the new company will fly into the american name and will be one of the three major airlines in the united states. the ceo of the new company says there's not much room for further consolidation. >> it was 2005. there was like 11 airlines that at least 1% of the industry and now we're down to, you know, three large carriers which is intensely competitive. and southwest airlines, which did a fantastic job with low cost, and jetblue doing what they do to make sure that low fares are out there. >>> meanwhile, big deal from warren buffett. he wants to catch up on the deal front. his berkshire hathaway and private equity firm 3g capital announced it will acquire heinz for $23 billion. the deal offers shareholders a premium of 20% over the recent stock price of heinz. the merger mania and deals deluxe had little effect on the markets, though. the dow did toy with 14,000 again. during the week it stayed in a fairly
CNBC
Feb 22, 2013 2:00pm EST
have confidence up. closing gren. that always helps us. but the feds stay easy for a long time. then leaked reports that mr. bernanke was minimizing concerns about asset bubbles and of course he is going to be testifying next week, mandy, in washington and a lot of traders expect him to reiterate, bullard's comment, that rates are likely to remain low for a long time. can you see the effect on the market here. all of the risk on, if you like to call it that, materials, tech, financials and industrials, all up. almost the same amount. two to one, advance in declining stocks. take a look for the week, you're right, mandy, dow jones is the only major index in positive territory. now it's flat. but transports s&p 500 to russell and nasdaq is the big loser for the week. mandy? >> indeed it is, bob. thank you very much. rick santelli, how we wrap up the week in the bond pits. >> with a lower yield, extra buying coming in. i understand on one hand that it is on the scale in terms of the fed buying treasuries keeping yield down. but remember all the talk about selling and it could still move
CNBC
Feb 14, 2013 9:00am EST
that. let's do it. it take us four years to get panama and south korea done. it was on the bush table. it took four years to negotiate and we didn't get anything else new. those trade agreements would do all kinds of things for exports. >> are you at all nostalgic about -- ge out of nbc and comcast is running it well. >> comcast has done a great job. look, the market said good for both companies. the market said comcast got a great bunch of assets. ge has more cash to do things with. time and men's fortunes change. you go with the flow. >> every time they do a deal, they say it's great for both parties. stock goes up in one case and down in the other. ge is in one, can use the money, comcast in another and actually worked. >> worked out well. comcast has a great set of assets now a ge has cash to invest in what they want to do. we all do it differently in our times. >> jack, we love you, on valentine's day especially. >> happy valentine's day. >> merger thursday with all these deals. huge day on wall street. almost $100 million in fees for the banks. center view bank. >> make sure you
CNBC
Feb 6, 2013 7:00pm EST
was useful 20, 30 years ago. >> do you have a land line? >> i don't have oh one. >> i don't answer mine. if this is political patronage? what's wrong with congress? this story will go totally bankrupt and taxpayers have to -- it will be a big number. >> jobs in my backyard type of thing with people not wanting to ruffle feathers. that's what is happening in congress. on a broader level politically this is useful. the president likes to talk about teachable moments. we can see here is a long established federal entity that is going to make real -- >> budget cuts. >> and the earth won't crash into the sun. we will missouove on. if people need something on saturday there are options. >> brilliant. >> thank you. >> you're already in the lead tonight. >> i want to get david in this. this is going to boomerang into a massive taxpayer loss. why don't we use this as a learning moment and example. the country will survive no mail on saturdays. b, i think the country survives without a post office. there is bipartisan support out there for privatization of the post office. don't forget there
CNBC
Feb 11, 2013 3:00pm EST
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CNBC
Feb 21, 2013 1:00pm EST
this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> let's do final trades. stephanie link a you're up first. >> i like cisco. more predictable revenues. >> john p. >> automatic data processing, adp. >> simon baker. >> a short term trade, verifone. i think completely oversold. recently bought shares. >> josh brown? >> i don't think google is done going off. if you're nervous buzz it is 800 bucks, you can trail the stop loss. not the end of the world. >> stocks are negative. at left a couple major averages, negative for the month of february. worst pull back day of the year. tweet me. "power lunch" is up now. >> the second half of the trading day starts right now. >> we are going to pick up right where scott left off, on the slide in stocks. we are going to ask the question, is it time to run for the hills. is the bull run over? we have full coverage as the market falls for the second straight day. worst two-day decline this year. wal-mart shares are up on earnings. but question remains, is this a company with enduring problem
CNBC
Feb 28, 2013 12:00pm EST
where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> we continue to use the word tentative here today up about nine points. take a look at some of the big names moving today. we're watching penney down sharply. limited, of course, which reported $1.55. that does it here for us at squawk on t"squawk on the stree" let's go back to wapner at hq. >>> carl, thanks so much. welcome to the halftime report. we march to the all-time highs for the dour. we stand up 9 points. you can see green arrows across the board today. playing defense, the sequester may be looming but the stocks are rallying. what's the right way to make money right now? step into the gap. retailer reporting earnings. our traders face off in one big debate. marching to record highs, stocks continue to climb. is the rally real or fake or based on fundamentals? we're trading with stephanie lee and josh brown. josh, how about that? is this based all on the fed or are there
CNBC
Feb 5, 2013 6:00am EST
are again joined by steve liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our special guess. he's been talking to us about how great of an opportunity stocks have been. we'll see if he's still feeling that optimistic now that stocks have reached 14,000 or close to it. >>> how majority leader eric cantor is set to address a major policy issue today. the goal here is trying to
CNBC
Feb 13, 2013 4:00am EST
. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanctions ar
CNBC
Feb 27, 2013 6:00pm EST
-800-743-cnbc. when i used to teach selling stocks at goldman sachs, i told trainees you have to be ready to rebut the objections. expect challenges and meet them with good answer that put to rest the worries, concerns that would keep you from buying the stocks you want them to own. today the market put on a virtual rebuttal clinic and a terrific day where the dow st y soared 170 points and the nasdaq surged 1.04%. as every important objection was silenced. no wonder we're closing in on the all-time highs what are the negative presumptions that got rebutted. the u.s. economy must be slowing. right? i mean, on account of all the negative stuff people keep talking about. guess what? the notion seemed fanciful. we got good macro, meaning we saw durable goods data, showing demand for machinery rose the most in two years. how does that happen? it comes on top of the recent increase in container board, the corrugated box stuff that your packages come in, fedex and stuff. one of the most sensitive economic indicators out there and a $50 increase in sheet steel, it fell from a match by ak s
CNBC
Feb 1, 2013 6:00am EST
. we're going to be covering jobs in the market. vince reinhart will be joining us. and what is a jobs friday without a little shot of rock and roll? kansas is celebrating 40 years in the music business. it has been a very changed scene over those 40 years. we have the founding member, drummer and band manager phil e. hart. andrew, obviously, we have it all today. we do, we do. it's great to see you, becky. joe mentioned stocks are off to a very strong start this year. if you believe in the january barometer, it's a great sign for the bulls. the theory satsdz that the s&p direction in january sets the tone for the next 11 months. the s&p ridesing more than 5% for this january. the transports, by the way, even stronger with a more than 9% gain. the nasdaq also positive, up 4%. here are a few stats of note that are worth thinking about. it was the best month for the dow industrial transports and s&p 500 since october 2011. the best january for the dow industrials since 1994. it's the strongest start to the year for transports since 1991 and the largest january returns for the s&p 500 sin
CNBC
Feb 15, 2013 4:00am EST
been there all week and he joins us again this morning. steve, we actually finally start the meetings today. we've had comments out from the russian finance minister, as well. what's he saying? >> well, he's trying to get us back on track on to a growth agenda, which when you look back at what the agenda was a couple of meetings ago back in toronto in 2010, that was sorely missing. that was about harboring deficits and having firm targets. it hasn't really worked, has it? what they've said is our growth estimates were slightly optimistic. listening to what some of the policymakers are saying this time around, the likes of mario draghi, i'm scratching my head a little bit. there's some uncontentious stuff. i can live with that. range of financial market indicators showing situation normalizing. but what about this bit? currency chatter is inappropriate, fruitless and self-defeating. hang on a second, mr. draghi. it wasn't us, the journalists that started this. it was policymakers. it was the g- 7. it's incestble we're going to start rumbling about this. i can't help but thinki
CNBC
Feb 20, 2013 12:00am EST
than $200 and is designed to be used in some of the most impoverished places on the planet. as lesley stahl reported in may 2007, negroponte's dream was ambitious. to understand it better, let's go back to where that dream was born: cambodia. >> the idea came to him in a remote village called reaksmy, a four-hour drive on a dirt road from the nearest town. it's as far from mit as you can get. they don't even have running water. >> [bell being struck] >> stand by. >> negroponte and his family founded a school here in 1999, putting in a satellite dish and generators. [generator whirring] then they gave the children laptops. instantly, school became a lot more popular. >> ♪ how's the way ♪ that it's sunny >> kids who had never seen a computer before were now crossing the digital divide. >> ♪ it's sunny today >> nicholas negroponte was knocked out. >> the first english word of every child in that village was "google." >> [laughs] >> the village has no electricity, no telephone, no television. [dog barking] >> and the children take laptops home that are connected, broadband, t
CNBC
Feb 7, 2013 6:00pm EST
keeps it from earning a decent return for doing nothing at the moment as you used to be able the ofor so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a small return. i have suggested they put some of the cash to work, buying the growth that many feels like has been lost. perhaps buying twitter to be more moving aggressively into the social media. or netflix. or even somewhat fa she newsly itunes. all that said i never thought in a million years that somehow apple's become a bad actor. because of its conservative ways of handling its bank hoard. i have simply thought that it should be more creative at figuring out how to put it to use. never sue for them that. see -- ilorne said it reminds me of his depression era grandmother. he wants a annual 4% cash dividend. which he says could boost the faltering stock. at least by of late, several hundred dollars a share he thinks he can move it. let me say this. i run a charitable trust that as this a stock in apple and i'm
CNBC
Feb 12, 2013 3:00pm EST
activists are certainly useful. you can't necessarily take anything at face value because activists are -- have their own agenda, and some of them tend to be more short term. if you're running a company, you don't have the nimbleness and flex ann. you can't change your strategy every day. an activist can get into or out of a shareholding any day. and so you have -- you have different time horizons, maybe different agendas, and a company has to represent all its shareholders, ant not just a portion of its shareholders and think for the long term. but having said that, it's a good part of the cocktail of elements that a ceo should have giving inflooins fluns, and they should be listened to. they shouldn't be taken as gospel. their remarks should be discounted by what you know their interests are, but it should be foolish to take good advice from wherever you want to get it. >> barclays is making news today in cutting more head count. you guys done, happy with where we are as we sit here today? >> we're happy where we are. we're always sculpting our business. in normal times we hire people
CNBC
Feb 24, 2013 9:00pm EST
the universe. >> yes, but it's like the greeks used to talk about the philosopher kings. geeks have no interest in power. the only power we're interested in is low-power consumption and longer battery life and low prices so we can stay up later at night. geeks may inherit the earth, but they have no desire to rule it. >> in a poll reported by harris interactive in december of 2010, 45% of the people surveyed said that they would rather do household chores than to try and fix their computer or digital devices on their own. in the electronic age, it continues to be good to be a geek. that's this edition of 60 minutes on cnbc. i'm steve kroft. thank you for joining us. captioning by captionmax www.captionmax.com [ticking] >> even though there's a total embargo in this country against any trade with iran, iran still gets high tech materials and components for a variety of weapons from right here in the u.s.a. this man set up a trading company in philadelphia. you are charged with trying to buy a centrifuge that could be used to make biological weapons, like anthrax. >> yes. that's what
CNBC
Feb 8, 2013 6:00pm EST
. >> hopefully dollar yen will give us good fortune this week. >> your next chance for currency trade, sunday afternoon. have a great weekend. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> he's nuts, they're nuts! they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >> hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you a little money. my job is not just to entertain you but to make you a little money. so call me. call it a pleasant day with the dow gaining 4.9 points, nasdaq falling. we hear from annie's. now i got to tell you after the hammering that haynes celestial took, what is this company? a much more expensive natural food players have to say for itself? there is a gigantic short position in this company. could there be a more timely tell on the strength of the housing market and the rebuilding after sand see? total baited breath for this call. then there's ncl corporation, cruise ship tax are red hot. tues
CNBC
Feb 21, 2013 4:00pm EST
the issues in front of us. where are earnings going forward into the next few quarters? >> thanks, harry. as always, the market, a crazy day. earnings coming up from hewlett-packard. david faber will have that and bob benmosche talking about his numbers from aig. second hour of the "closing bell" right now. i'll seal you tomorrow. >> have a good one. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the into of the new york stock exchange. man, a roller coaster ride today on wall street as the major averages close lower for a second day in a row, off of the worst levels of the day. market had been down close to 100 points. we're finishing down 49 points on the dow jones industrial average after hitting the lows about half an hour ago when the market was down 13 point. nasdaq giving up 33 points tonight. technology one of the leadership groups on the downside and the s&p 500 weaker by 9.75. moments away from aig and h-p earnings. david faber is live tonight at h-p headquarters, and aig ceo b
CNBC
Feb 6, 2013 3:00pm EST
a bit higher today on the spec calculation. former ph ceo carly fiorina here with us as well. >> and a scary story. the federal reserve was hacked. >> what? are you? heard that correctly, maria. the united states federal reserve, the one that ben bernanke heads up, was infiltrated by hackers, and if that can happen to them, is any website safe, we s. we're on top of that developing story at this hour. >> this is a scary story. let's check the market. the dow jones industrial average was positive for a few minutes there. unfortunately, it came right back and went negative again. the dow tune 10.66 points, 13,969 on the industrial average and nasdaq composite weaker and the s&p 500 under pressure by the tune of one point. i have to call this a victory seeing that we've seen such a huge run-up, nothing to write home about these losses. >> at this point, that would be the case. >> less talk about this in today's "closing bell" exchange. jim bianco, our guest from alliance bernstein and steven wood joins us at the new york stock exchange and our own rick santelli joins us from chi
CNBC
Feb 8, 2013 4:00pm EST
the week and that will give us six straight weeks that the s&p is up this year. first time i think in 40 years that the -- 42 years that the s&p has been up six weeks to begin the year. nasdaq same things, six weeks in a row. back to a 12-year high for the nasdaq. the dow will be the laggard. needed to be up 66 points to be positive for the week so it will end its win streak at five weeks. kenny on the floor of the new york stock exchange, you have to admit these markets are getting tired, don't you think is. >> they are. today very interesting. can feel it on the s&p. 1525 a real technical level of reitivityins, and can you feel that the market wants to test that on the s&p. personal the dow is not making a high. it continues to march higher which is a very, very positive sign. >> you inclined to still be in this long. >> i'm inclined. i would think it would get a little more defensive and i think it will hit real resistance there and then back o.every time it backs off there's always plenty of buyers around. so far. >> get home safe, my friend. >> that will do it. we'll go out mi
CNBC
Feb 4, 2013 9:00am EST
on this post-super bowl wrap-up day. steve liesman, we'll see you tomorrow. join us tomorrow. "squawk on the street" starts right now. >>> good morning. welcome to "squawk on the street." i'm carl quintanilla, with melissa lee, jim cramer. david faber is off. signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. it comes after the dow did top 14,000 on friday for the first time in more than five years. look at europe, that's where the story's going to be for most of the morning before we close at 11:30 eastern time. germany taking it down 1,100 points as well. asia got action as well as china. nonmanufacturing came in better than expected. clearly the story is going to be in europe for most of the morning. >> we've certainly seen a flight to safety take place this morning, as we've seen the bond yields, particularly the spanish 10-year bond yields blowing out overnight. we're seeing bids higher today. german bonds also higher. the 10-year yield in the united states, back below 2% at this
CNBC
Feb 12, 2013 4:00am EST
shares for 2013 is off to a fairly roam start. joining us first is oliver ralph, financial times lex writer. oliver, thank you so much, indeed, for joining us. what do you make for what you've heard from anthony jenkins this morning? they're obviously trying to say it's going to take time, we're trying to restore our reputation. is it the right thing? >> yeah, it is the right thing. they've launched the business. the core of the bank remains the same. london investment bank and new york investment bank. the core of the bank remains the same. they're making changes around the area and the core of it is as it was. >> talk about the investment bank in particular. this has been the place where not just barclay's, but a lot of the competitors, too, try and wind things down. this is a place that's been pretty profitable in the last quarter. >> it is. and they're tied slightly with the investment bank. it's a big part of barclay's profit so he couldn't make big changes. he's announced radical cuts last year. that said, he has promised changes to bring costs down which would shift the ba
CNBC
Feb 4, 2013 1:00pm EST
your doctor about cialis for daily use and a 30-tablet free trial. >>> cbi. >> disney. you will see 60 print. love it. >> weiss? >> take advantage and buy tbf. >> baker boy. >> broadsoft on sdn network space. >> that that does it for us. see us at 5:00 tonight and follow us on twitter. "power lunch" picks up the ball right now. >>> lace them up. "halfti "halftime" is over. >> we promise there is no outage on "power lunch" now. one day the dow is 14,000, the next is the worst of the year. triple digit losses. 122 points down. are investors getting cold feet? having seconds thought about the rally? are stocks still cheap? we will see how five star money managers are playing the market. and the money cooler story of the day. the ads, which ones scored touchdowns. which ones bumbled. and did beyonce cause the super bowl blackout? >>> and money does not buy you love, but does money buy the wealthy happiness? a new survey may well surprise you. hi, sue. >> hi, ty. risk off in terms of trading. a lot of fears about europe forcing the debt way off from the 14,000 mark we saw last week. dow and
CNBC
Feb 18, 2013 12:00am EST
on cnbc. i'm steve kroft. thanks for joining us. captioning by captionmax www.captionmax.com [watch ticking] >> bradley birkenfeld spent most of the last decade living in switzerland helping wealthy americans hide their money. you'll hear how he did it and how he touched off an investigation that would shake 300 years of banking secrecy to the foundation of its underground vaults. how unusual is it for a swiss banker to come forward and say, "this is how it works"? >> it's never happened before in history. i'm the first one. [watch ticking] >> many of the deals that helped create the current financial crisis would have been illegal during most of the 20th century, in violation of gaming laws. but in 2000, congress gave wall street an exemption that's turned out to be a very bad idea. >> it's legalized gambling. it was illegal gambling, and we made it legal gambling. >> with no regulatory controls. >> with absolutely no regulatory controls. zero, as far as i can tell. >> i mean, it sounds a little like a bookie operation. >> yes. [watch ticking] >> i don't to die. i shouldn't have to
CNBC
Feb 15, 2013 4:00pm EST
strategist notes and talking to strategists. you say all sorts of strategists are using all kinds of metrics to spot a pullback. what are they? what are the most important metrics to spot a pullback on the horizon? >> sure, maria. after you see the kind of blistering run you've had this year, the s&p 500 up 6.5%, traders and investor strategists looking for a pullback and looking for different guideposts and signs of when a pullback is happening, and some are going to look to sentiment indicators and some look to high-yield spreads. the analysts over at jpmorgan are going to be studying that. i talked to paul hickee over at spoke this afternoon, and paul is a bull. one reason is they's going to look at jobless claims and the relationship between jobless claims and the s&p 500. one reason, paul will tell you, he's still bullish because jobless claims, the four-week average, at a post-recession low. >> all right, john, you're sitting there on the trading desk all day long, see the flow. what kind of a commitment are you seeing in terms of equities? is it still as strong as it was earli
CNBC
Feb 11, 2013 6:00am EST
making progress. >> bertha coombs will join us with the latest from power outages to grounded flights. then, of course, there is the topics of the markets. earnings season is winding down. only 53 s&p 500 companies set to report. one event to watch, janet yellen is scheduled to speak on the economy today and our guest host this hour will be the former managing director at pimco. he's currently the share of global societies of fellows. and also we have rebecca patterson. we've got a lot to did you discuss with them. before we do that, we're going to head over to michelle who has the morning headlines. >> thank you for that, andrew. usair and nmr are set to meet. boeing completed what it called a, quote, uneventful test flight of the 787 dream liner on saturday. it was the company's first test since the airlines were grounded more than three weeks ago. >>> carnival cruise ship in the gulf of mexico will need to be towed to port. carnival's triumph, as it was called, was heading back to galveston, texas, when the fire occurred. the ship's extinguishing system kicked in, no injuries were
CNBC
Feb 20, 2013 9:00am EST
all of you tomorrow. join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee, with carl quintanilla, jim cramer and david faber at post 9 here at the new york stock exchange. the day after we broke a lot of records for the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fo
CNBC
Feb 7, 2013 6:00am EST
investors and ben white, chief economic correspondent at politico. also here with us is david joy. it's great to have all you guys here. phil, why has the rally stalled? >> well, we've gotten out of the gate in terrific shape here. the stock market, the s&p is up about 6% the first six weeks or so of the year. we've got a very constructive full year forecast of 1660 on the s&p, which would be a record high. but we didn't think we were going to go straight there. the reality is that we've had a terrific run. the markets are a little bit tired. you've got some washington-related news coming up over the next month or so. we would expect that this would be a perfect opportunity for, you know, a 3% to 5% pause. and i think we're starting to see that reflected -- >> up to 5% is almost the whole thing. >> well, look, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportunit
CNBC
Feb 7, 2013 7:00pm EST
than you did last year. let's go to the non-partisan congressional budget office. they told us on tuesday this year they expect the economy to grow 1.4%. i don't think there's anybody listening to my voice on our financial news network of cnbc who likes that number, 1.4%. i suspect you don't like it either, larry. they said this fiscal contraction, including the sequester is cutting 1.5% off gdp growth, the difference between 1.4% and 2.9%. would you rather look at a 3.3 gdp growth in year? i would. that's what's upsetting people. >> the bigger question is, dan mitchell, do you buy the congressional budget office numbers? >> that's a conventional forecast. >> it may be a conventional forecast but it could also be wrong. dan mitchell, i want your professional opinion. we spent our heads off for the still luck package in 2009. this is still the worst economic recovery in the postwar period. dan, why not try limited government? or let me put it a different way, slightly less spending, is that good or bad for the economy? >> the congressional budget office is still wedded to the 1950s
CNBC
Feb 6, 2013 12:00am EST
use. >> automobiles? >> same. [ticking] >> they've constructed one of the largest, most sophisticated machines ever built to try and replicate what the universe was like just a few nanoseconds after it was created. >> why do you want to do that? >> why wouldn't you want to know that? >> well, you'd want to know it, but, you know, spending $8 billion to find out, it must be important. >> we can understand how to take the light that bounces off of me and you, into that camera, and put it into mom and pop's living room. now, imagine in 10 years, 20 years, we would be able to take, instead of our photons, me and you, and put them in mom and pop's living room? >> transport people. >> you tell me. is that worth it? [ticking] >> [speaking french] >> what began as a small, understaffed, ill-equipped clinic in 1985 today has 100 inpatient beds, an array of specialists, and three operating rooms. they have nearly 2 million patient visits a year. >> [speaking french] >> how many lives, do you think, partners in health has saved? >> in medicine we say t.n.t.c.: too numerous to count. too numerous
CNBC
Feb 1, 2013 11:00pm EST
cramer going to draw us a picture on how to pick your nose? who needs help when it's up during a multiday run-up? like a love buy fest? do you need my help to help you deal with the stocks and do we buy into more money, problem on the show. absolutely not. but i'll explain it get back to those of you have had their portfolios trashed making sure that doesn't happen again. rebuilding your wealth on a sound basis. sure, everybody makes money in a big rally. you can feel like your portfolio is running itself, but i'm not here tonight to talk about how to make the most possible money when the market is up big. honestly i can care less. the most important lesson for dealing with a major short term move higher is that you always have to work to prepare yourself for the future. and not let some great opportunity pass to sell sell sell. i know, you heard it. dirty word, not from me though. that's right. just as we can't give in to despair when the market is down big, you similarly don't want to give into euphoria and buy buy buy when the market is roaring. when it might be the right time
CNBC
Feb 20, 2013 6:00pm EST
sneaking up on us again, that bid to cut federal spending with a meat axe. hmm, i thought we wanted government spending cutback? isn't that what people are clambering for? everyone says it's bad and it's going to hit the military really hard, right? lead story in "usa today" says so. let me ask you a question, how the heck did the philly defense index hit an all-time high in this session if the defense department's really going to get whacked. the sequester bark may be a tad less than its bite. what kind of word is sequester anyway? i don't want to fear words that seem like they're kind of made up for the occasion like fiscal cliff. but i am hearing stories about no federal funding for health care and prisoners being freed and terrorists getting away with murder because that's what washington does. how about this toll brothers. they must have said something, the stock was down hideous. must have said the housing market's over, all over, the shouting, in the late innings, like the pathetic late innings when dimaggio didn't get that hit. i had the misfortune -- i read the release, i l
CNBC
Feb 7, 2013 9:00am EST
use the free cash flow, paid out a dividend on the free cash flow, the stock would go up 50%. >> bill miller the past 24 hours, bethany mcclaine -- >> $200 -- >> marco rubio is out this morning on twitter saying the number of chargers is driving him crazy and moving closer to samsung. >> his response in the state of the union. >> i think time for a congressional investigation into the most successful company on earth. it's really time to -- house on american activities committee part two. >> briefly stated this idea that einhorn and bryce said he has brought up the company they considered and punted on is the idea of issuing, at no cost, a perpetual per pre-ferred to stock to exsig hold hearse pay you about a 4% yield. said another way, around 25 multiple, right, 4% yield, you can back in on an eight multiple stock. >> a blended multiple pullup? >> yielding 4%. >> maybe the part we are not paying enough greed dense to is the fact that he maintains his position, einhorn, owns more now than he says he ever has. >> didn't help his performance last year. came in with rather pede
CNBC
Feb 4, 2013 4:00am EST
michael brown to help us through things. coming up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over
CNBC
Feb 6, 2013 2:00pm EST
for us. >> mandy, as our viewers know. many big time tech tight yoons have taken a beating over the last couple of years. dell will be extinct as a public company. are we in for return of one or more of the so-called jurasic texts? so here is the set up and our question to you, loyal viewer, nokia. betting big on the new line of lumia phones. 41 mega pixel camera coming out this summer. microsoft getting great reviews. blackberry has a new name and new line with the blackberry 10. at hp, reports they are at least talking about potentially breaking the company up. so we are asking, which of those four names will post the best stock returns this year and we are talking about on the long side, folks. don't say you will short them down to nothing. joining us now, josh brown and jeff killburn. both cnbc contributors. all right, josh, you famously went long in the stocks draft. you almost won the dog gone thing and had a great come back. >> i should have won. i should have. >> be nice to reggie, he had a nice call. are you saying of the four, that company formerly known as blackberry be o
CNBC
Feb 28, 2013 2:00pm EST
dividend strategy should be moving forward. so a lot still to play with and possibly to propel us higher in the market. >> and we have a chart of berkshire hathaway, and of course mr. warren buffett on monday will be on squawk box. dow industrials about 40 points from an all-time high. that does it for "power lunch." >> yeah, "street signs" with an historic after noon begins right now. >> jc penney doing it wrong. the stock tanking, cash burning, can it be saved? >>> sequester ahead. two mayors with how the cuts will impact their cities. >>> the real story of the shale boom and how you can play it. and by the way, we are watching the dow, mandy, because it could be this hour that we cross over into new all-time highs. >> indeed we are moving at a closer to the dow's all-time high. at this stage less than 40 points away and officially at a new five-year high. dow transports are already as an all-time high. as we wrap up the february trade, gold looks like it is down for the sixth straight month. oil, by the way, down for the first month since october. so lot of great things happening at t
CNBC
Feb 14, 2013 6:00pm EST
testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breastfeeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. so...what do men do when a number's too low? turn it up! [ male announcer ] in a clinical study, over 80% of treated men had their t levels restored to normal. talk to your doctor about a
CNBC
Feb 7, 2013 4:00am EST
? joining us is sophie wynn. how much expectation is built into the pound ahead of this? the expectation is he's going to come in and be fairly dovish. it's a risk that he isn't and, therefore, the pound strengthens. >> we think that the market may be disappointed with the announcement. we don't think we are going to hear anything radical on this statement by the upcoming governor. >> why? >> well, basically, i think, you know, the expectations are that the ecb is going to go for a nominal gdp target at least for some time. and we think the risks are too much for them to -- for the government to pursue these sort of bodies. he will entertain -- before going for this. >> the bank of england will be under some pressure. currencies don't act in a vacuum. so as we see other potential moves to weakening currencies around the globe, we're at 1.5668. where might this pair be headed, then, if you're not expecting carney to come in and immediately talk or wind up having effective currency lower? >> we think the guarantee should weaken readily. we don't think the currency will be, you
CNBC
Feb 7, 2013 11:00pm EST
for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business and he's nuts! they're nuts. they know nothing. >> i always like to say that there's a bull market somewhere. >> "mad money," you can't afford to miss it. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. my job is not only to entertain you, but to teach and coach you, so call me at 1-800-743-cnbc. what the heck do people want out of a company? what do people want out of a stock? how come you're not asked that company when an activist is suing the best performing company of our lifetime? isn't that what we have to consider today, on a day when the nasdaq lost .11%? let me set the stage for people who may not be up on what's happenin
CNBC
Feb 21, 2013 4:00am EST
overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of the decision on the next boj chief. construction equipmentmakers were down after caterpillar reported slowing sales for the quarter ending january. but batterymaker gsyuasa reported a fix over long-term battery problems. the shanghai composite tumbled to 3% today. commodity place were under a lot of pressure today after the u.s. fomc minutes raised the possibility of a qe asset. development and cementmakers rose. financials said their losing streak on fears of monetary easing. shares in the hang seng fell 1.7%. belle international fell 15% after learning the profits would be at the lower end of its forecast. the kospi ended lower by 0.5%. steelmakers took the worst hit. the asx 200 lose 2.3%. the fed minutes took a toll on aussie miners ending well in the red. index action on the sensex now sh
CNBC
Feb 8, 2013 3:00pm EST
friday. here's what you have to think about. the dow has to finish higher by about 66 points for us to be up for the week. if not, this remarkably would be the first losing week for the dow this year so far, maria. >> yeah. it's been such a year. also today, we are, of course, following this storm as it continues to develop and intensify. there are worries about widespread power outages with these blizzard conditions. thousands of flights already cancelled. more than 3,000 in fact. likely many more to be cancelled. full coverage on the storm, plus we're speaking with the president of wse & g who is company is in the spotlight after handy. >> very much so. look at one of the big winners so far today. apple. when was the last time we were able to say that. that company embroiled in a fight over its huge cash stockpile and investors seem to like it so far. up another 2% right now. we'll speaking with one of apple's biggest shareholders, and they are backing apple in this fight with david einhorn. that's coming up a little bit later. >> approaching the final stretch for the week. let's
CNBC
Feb 6, 2013 4:00pm EST
us. michael, beginning with you. >> thank you. >> more of a lack of market action. what do you make of that? >> pento or yokishami? which michael? >> michael yokishami. >> the market is treading water after a significant run, and i do think the market is probably going to be in a parallel range for a while until we get more resolution on what's happening with sequestration, state of the union speech. the market has had a good run. i don't think investors should get too excited that we'll have a continual advance like we've had in january. it's my view that half of the gains that we've seen for the year, that we will see for the year have already happened in january, that more of the gains will come from international markets which will bounce back, and i think in particular, maria, people need to pay attention with what's happening to treasures. massive selloff on treasuries, that means something. the bond market is trying to communicate. >> wait a second. let's talk about that for a second because a massive increase in treasury prices, selloff in treasury prices means that yields a
CNBC
Feb 22, 2013 9:00am EST
here. make sure you join us on monday. right now time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, with scott wapner and james cramer. carl quintanilla is on assignment and david faber is in palo alto, california, getting ready for his big interview with meg whitman. it looks like a comeback. dow looking at 89 right at the open. look at the picture in europe. this is really being driven by those eco numbers, giving stocks a bounce. despite forecasts that the euro area economy will see back-to-back years of contraction for the first time. of course, now the focus turns to the weekend's italian elections. overnight in asia. shanghai is closing out its worst weekly loss in two years. nikkei managing to close higher. road map this morning starts with the markets. we' results from aig and upgrade for home depot helping stocks today, and hewlett-packard. >> hp is popping pre-market on the back of the earnings. sigh of relief for the investors as the company showed some progress with its turn-around. david will have the exclusiv
CNBC
Feb 22, 2013 6:00am EST
be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room and try to get his take to where we're headed here. let's get you up to speed on the morning's headlines and before that, i'll tell you about hue yet pack yard, coming in and topping estimates. ceo meg whitman says that the company's turn around plan is gaining traction, though there is work to do. we'll be talking more about hp in just a few minutes with a fundamental manager who focuses on technology. in our tech news, texas instruments is raiding its quarterly dividends by a third. shares of pi have risen about 10% since the beginning of last year, but they are still 70% lower than the 2000 high. shares of gardener denver rising on reports that kkr is bidding $75 a share for the industrial pump manufactur
CNBC
Feb 15, 2013 5:00pm EST
ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> before we say good night look at the day on wall street. the dow jones industrial average finished in positive territory. it was down for much of the session. 8 points up on the dow. nasdaq and s&p 500 down. my observation returns next week. thanks for being with me on "closing bell." have a half a long weekend. monday, markets are closed. enjoy your friday. >>> this is "options action." tonight, retail wreck. walmart posts its worst month in seven years. so is costc.o. next? dan has a trade to make you a lot of money. plus, metal melt down. some say 1500 is the next step. and breathing life into the billionaire brawl continues with carl icahn firing the latest shot. >> the fact that i don't like ackman is the strawberry on top of the ice cream. >> who's right about herbalife and how can you profit from the brouhaha? live f
CNBC
Feb 22, 2013 12:00pm EST
join in the floyd landis whistle-blower lawsuit against lance armstrong for using performance-enhancing drugs during the tour de france. of course this suit, the government has the basis because the u.s. postal service sponsored lance armstrong. there are tons of questions about this allegation of defrauding the federal government because of this. there are statute of limitations issues. is he open to more lawsuits after this? this is not a huge shock necessarily but it is a surprise because it opens up a huge can of worms and the government would not go after him if they didn't think they had a case at this point in time. >> a bombshell development regarding a story that people probably thought was in its closing chapters. so many of his endorsers have already cut ties. i wonder if there's any lingering effect to a company that hasn't quite made that divorce clean. >> his net worth is claimed to be about $125 million. i guess your point is a good one because you would figure when he went on "oprah," he had everything lawyered to the gills. it's going to get uglier with this c
CNBC
Feb 20, 2013 5:00pm EST
brand jeans. >> all of you, thank you for joining us. you had three seconds left, which in tv time seems like an eternity. thank you. bill? >> all right, as we head to the top of the hour and the "fast money" gang, let's show you what tesla is doing. slumping in the afterhours after reporting those earnings. wider than expected fourth-quarter loss. the company says it expects to report a first profit in the first quarter, but down 6.33% on an otherwise big down day. that's it for "the closing bell." thank you for joining us. >> thank you for watching, everybody. see you tasame time tomorrow. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here is what "fast" is following tonight. taking a toll. the luxury home builder dropping today on earnings. is the stock priced for perfection? the ceo joins us. fool's gold? a dreaded death cross. but tim seymour isn't leaving the miners for dead. and office office. is the merger of office max and office depot good or bad for staples? dan and karen face off in the supply closet. first, let's get straight to today
CNBC
Feb 11, 2013 4:00pm EST
knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phase. and i do think at some point in the next two to three months -- >> you don't see a correction in the meantime? >> a 5% correction. to me that's a buying opportunity. >> very good. thank you, peter. >> thank you. >> the camera's off us because they put it up on the balcony there at the new york stock exchange where the swim suit models are ringing the closing bell. somewhere in there also is ceo of the new york stock exchange. one of the tough job he's got here. here's the seco
CNBC
Feb 20, 2013 4:00am EST
wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin has posted a steep fall in earnings for the first time in the year. the australian mining giant announced change at the top after the 43% drop in profit. we have more on this report from sydney. >> reporter: the surprise at bhp, billiton's ceo mariu marius kloppers announcement coming earlier than expected. >> coincided today with a weaker pricing environment. but two totally unrelated events. >> reporter: he will be replaced by andrew mckenzie, current head of bhp's middles division. he's well regarded in the industry and says don't expect a change in strategy. listen in. >> there's lots of things that are great about this company. i have no intention of changing. we have a fabulous strategy that's served our shareholders extremely well. you've heard from j
CNBC
Feb 14, 2013 4:00pm EST
us to talk to us about why he thinks interest rates are going sharply higher. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor. new york stock exchange. thanks for joining us. market mix on a day that we saw a flurry of m & a action. the dow jones industrial average down about 8.5 points. close but new cigar. kept trying to reach the positive territory but did not close there. the nasdaq and s&p held on to gains even fractional. nasdaq up two points and the s&p up one point. equities barely. positive territory for the week. what's keeping investors on the sideline? back with me is josh brown, cnbc contributor and david darsch and ben pace from deutsche bank private wealth management also joining the conversation. good to see everybody. thanks for joining us. what do you think? i guess we've had a very strong performance prior, several weeks, several months, but what's keeping investors on it this week? >> the banks have been so good, maria. they are up 9%. transportations are up 12
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